Remarks

Investment Opportunity - Fully Occupied 5-Unit Rental Property

This well-maintained 5-unit rental property is an excellent investment opportunity. It offers a diverse mix of unit sizes to attract a range of tenants. The property is generating solid rental income, and the current tenants pay for their own utilities, with the exception of the owner covering hot water costs.

Property Details:

Apartment 1: Studio - Monthly rent $1,150.00
Apartment 2: 1BR - Monthly rent $1,285.00
Apartment 3: 1BR - Monthly rent $1,000.00
Apartment 4: 1BR - Monthly rent $1,300.00
Apartment 5: 2BR - Monthly rent $1,500.00
Financials:

Gross Rental Income: $74,820.00 per year
Net Income: Approximately $52,624.00 per year
Additional Information:

The roof on both buildings is 7 years old, reducing future maintenance costs.
This property presents a solid income stream for investors. Don't miss out on this opportunity to add a well-performing rental property to your portfolio. Contact us for more details and to schedule a viewing.
Property is being sold in AS IS condition.

Details

MLS#: NJCB2015344
Price: $488,000

Year Built: 1900

County: CUMBERLAND
Tax Fee: 5506.0